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Our business turnaround and insolvency services in Middlesbrough include:

Voluntary Liquidation otherwise known as a Creditors Voluntary Liquidation will stop a debt situation getting worse and cease your company trading once shareholders have approved the appointment of a Licensed Insolvency Practitioner.

Solvent liquidation is otherwise known as a Members Voluntary Liquidation (MVL), this is usually a very tax efficient and low cost way of closing your company down once you have ceased trading and enabling you to release your cash once all tax liabilities are paid.

Administration assists a company when it is experiencing severe cashflow difficulties, unable to meet overhead costs such as leases, wages rent etc, or when creditors are pressuring the company which it does not have the cash to pay.

A Company Voluntary Arrangement (CVA) is a rescue proceedure that is often used after an administration, it can also be used when a company is seeking a solution to repay its debts owed to creditors whilst wantring to continue to trade.

When receiving a winding up petition, it is imperitive to act fast in order to secure the companies position, as delay could cause the company to be wound up resulting in a compulsory liquidation. This may result in the sale of assets, closure of the business and an investigation into the directors running of the company.

Welcome to HBG Advisory

An emphatic Corporate Recovery, Debt Resolution, Financial Solution and Forensic Practice. The Practice offers Directors insolvency solutions and through our extensive network throughout the United Kingdom these solutions are afforded to directors of limited companies, partners of partnerships, sole traders and individuals who are in difficulty. HBG Advisory is renowned for honest, straight talking insolvency advice which gives both solutions and comfort moving forward.